The code is written in Stata. In order to reproduce the two panels of Figure 4 in the main body of the paper, follow this procedure.

1. Save the directory structure in your preferred local folder. (The directory contains five separate folders and the readme.txt file you are reading now)
2. Go to folder DO and open the "master.do" file. Add your local folder address, in quotes, on the first line of the program (replace the //Write the file path here). Save.
3. Run the "master.do" file. This should automatically generate the two panels of Figure 4 in the main body of the paper.